Question
PQR Corp issued 1,000 shares of $50 par value preferred stock for $60 per share on February1st,2023.Calculate:a)Totalproceedsfromtheissuanceofpreferredstock.b) Additional paid-in capital. c) Book value per share
PQR Corp issued 1,000 shares of $50 par value preferred stock for $60 per share on February 1st, 2023. Calculate: a) Total proceeds from the issuance of preferred stock. b) Additional paid-in capital. c) Book value per share after the issuance. d) Journal entry to record the issuance of preferred stock.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
